The vehicles to be purchased should be used for commercial purposes. Purpose for which loan funds can be used:

purchase of new or reconditioned cards, pick-ups, lorries, buses and other

vehicles for commercial use (including taxi);

second-hand vehicles if they are in good condition.

Borrowers' Contribution

A cash contribution of at least 25% is required on every vehicle loan. It is subject to review by the Bank.

A written inspection/valuation for vehicles is to be obtained from a qualified mechanical workshop approved by the Insurance Companies, e.g. ASCO, MOW, Si’i Kae Ola in the case of used and recondition vehicles.